Algert Global LLC Sells 48,760 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Algert Global LLC lessened its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 8.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 520,721 shares of the oil and gas company’s stock after selling 48,760 shares during the period. Algert Global LLC owned about 0.34% of Helix Energy Solutions Group worth $6,217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its holdings in Helix Energy Solutions Group by 95.2% in the first quarter. Russell Investments Group Ltd. now owns 308,892 shares of the oil and gas company’s stock valued at $3,348,000 after acquiring an additional 150,657 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Helix Energy Solutions Group by 74.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock valued at $27,640,000 after purchasing an additional 985,101 shares during the last quarter. ARGA Investment Management LP acquired a new stake in shares of Helix Energy Solutions Group during the first quarter worth $861,000. CANADA LIFE ASSURANCE Co raised its stake in Helix Energy Solutions Group by 35.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 236,168 shares of the oil and gas company’s stock worth $2,560,000 after buying an additional 61,963 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in Helix Energy Solutions Group by 14.2% in the first quarter. First Eagle Investment Management LLC now owns 325,758 shares of the oil and gas company’s stock valued at $3,531,000 after buying an additional 40,500 shares during the period. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Up 5.5 %

Helix Energy Solutions Group stock opened at $10.80 on Monday. The company has a market capitalization of $1.65 billion, a PE ratio of -51.43 and a beta of 2.42. Helix Energy Solutions Group, Inc. has a 12-month low of $8.82 and a 12-month high of $13.05. The firm’s fifty day moving average is $10.67 and its 200 day moving average is $11.03. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.21.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. The firm had revenue of $364.80 million for the quarter, compared to analyst estimates of $353.19 million. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. During the same quarter in the prior year, the business earned $0.11 earnings per share. As a group, sell-side analysts predict that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on HLX. Raymond James began coverage on Helix Energy Solutions Group in a report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price target for the company. TD Cowen raised their target price on Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.